Core Viewpoint - The company reported a significant decline in revenue and losses for the first half of 2025, but managed to reduce its net loss substantially through cost optimization and operational efficiency improvements [1][2] Group 1: Financial Performance - The company achieved revenue of RMB 1.942 billion, a year-on-year decrease of 18.88% [1] - The loss attributable to shareholders for the period was RMB 84.079 million, a reduction of 69.18% compared to the previous year [1] - The company reported a pre-tax loss of RMB 75.7 million, a significant decrease of 71.6% from RMB 267 million in the same period last year [1] Group 2: Sales Performance - Sales for the company decreased from RMB 1.313 billion in the first half of 2024 to RMB 1.135 billion, a decline of 13.5% [1] - Sales for the subsidiary, Coucou, fell from RMB 1.005 billion in the first half of 2024 to RMB 745 million, a decrease of 25.8% [1] Group 3: Cost Optimization and Operational Efficiency - The company focused on cost optimization through a digital supply chain, achieving structural cost reductions and efficiency improvements [1] - The company enhanced its logistics and delivery processes, leading to improved operational efficiency and reduced overall costs [1] - The impairment losses related to closed and continuously loss-making restaurants decreased by approximately 64.1% compared to the same period last year [1] Group 4: Strategic Initiatives - The company is ensuring stable cash flow and good financial health while implementing restaurant network renewal strategies [2] - It is strategically expanding its prepaid consumption model to optimize discount outcomes and enhance profit margins [2] - The company is deepening collaborations with leading anime IPs to attract younger consumers through co-branded products and digital marketing [2]